Of course, Wall Street's best and brightest aren't always in agreement, and when they're not, things can get pretty heated. Take, for example, Bill Ackman and Carl Icahn's epic showdown over Herbalife (HLF) or Dan Loeb's sharp criticism of Warren Buffett.
And on a less confrontational front, it is very common for investment pros to move in opposite directions on stocks. While George Soros increased his stake in Alibaba (BABA) in the first quarter of 2015, John Paulson and Dan Loeb cashed out entirely. Andreas Halvorsen sold out of Visa (V) during the first three months of the year, while fellow "Tiger Cub" Chase Coleman more than quadrupled his holdings.
There are, however, cases where some of the biggest names in hedge funds and investing move in the same direction and buy together. A positive indicator? Perhaps, and at the very least worth looking into.
With that in mind, here are 10 stocks investment pros have been buying together lately.
21st Century Fox
Warren Buffett picked up a stake in 21st Century Fox (FOXA) in late 2014, and in 2015, he has continued to increase his position and now owns over 6.2 million shares.
During the first quarter of the year, Leon Cooperman joined the Oracle of Omaha in betting on FOXA with the purchase of 2.6 million shares, and Chase Coleman's Tiger Global maintained its position of 16.8 million shares.
On June 11, news broke that Rupert Murdoch is preparing to step down as CEO of 21st Century Fox and hand over the reins to his sons, James and Lachlan. The company confirmed Tuesday that James will succeed his father as chief executive.
One interesting fact about how Murdoch's exit will affect Buffett: Once Murdoch steps down, Buffett will increase his lead as the oldest CEO in the S&P 500.